The world’s biggest stablecoin, Tether, dropped an estimated 9% in value since May 12 and lost more than $7 billion as investors pulled out amid a wider cryptocurrency selloff that started last week, according to multiple media reports on Tuesday (May 17) and CryptoCompare data....
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC) has classified crypto assets as “highly speculative,” saying investors need more protections, lest they lose trust in the markets, Reuters reported Monday (May 16). Get the Full Story Complete the form to unlock this...
Japanese bank Nomura will be debuting a company to help institutional clients get more into crypto, non-fungible tokens (NFTs) and decentralized finance, The Financial Times reported Monday (May 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Years from now, perhaps, the investing world may look back at the dominoes that fell, the mad rush for the exits, and say that breaking the buck broke the stablecoins. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
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Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Bitcoin’s future as a payments network is weak due to its inefficiency, high environmental impact and lack of ability to scale, CEO and founder of crypto exchange FTX Sam Bankman-Fried told the Financial Times in a Monday (May 16) report. Get the Full Story Complete...
Goldman Sachs and Barclays have invested in crypto trading platform Elwood Technologies, which was founded by Alan Howard, a British hedge fund billionaire, The Financial Times reported Sunday (May 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Binance announced Friday (May 13) that it is suspending spot trading for LUNA and UST, which will be lifted when the network becomes stable. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
